Lomond ventures into London market with latest acquisition
Having recently completed its 60th acquisition in four short years, Lomond has today announced not only its 61st deal done, but also its first within the London property market, carving out a new regional territory in the process.
Lomond has acquired London lettings, management and sales agent, Chase Evans, in a deal that will instantly give Lomond an extremely well established and firm foothold within London.
Chase Evans is a highly respected agent with over 25 years operating within the London market, boasting numerous branches across key territories including Canary Wharf, Elephant and Castle, the City of London, Docklands and Greenwich.
The acquisition marks Lomond’s first in the capital, having previously kept focus across their existing regional areas of the North West, Yorkshire, the Midlands, Scotland and the South Coast.
With some 3,500 properties under management, the acquisition of Chase Evans is a sizable one and provides the ideal platform on which Lomond can establish a London presence, with an eye on expanding across London in the future. Given the international angle that Chase Evans brings with it’s overseas Landlord base, this acquisition will help enhance this offering elsewhere across the Group in other key cities.
The Chase Evans brand will remain as Lomond’s cornerstone brand within the region and, with Lomond’s head office located in St Mary Axe, the Chase Evans brand will also benefit from the support of the wider Lomond business.
Lomond CEO, Ed Phillips, commented:
“London is globally regarded as one of the strongest property markets there is and whilst we’ve refrained until now, the creation of a Lomond London region has always been part of our strategic expansion plans.
We’ve been careful not to jump the gun in this respect and have waited until the right opportunity arose and we certainly believe this to be the case with Chase Evans which is an extremely high quality lettings business.
Not only does our acquisition of Chase Evans give us an immediate foothold into some very important markets, but we also stand to inherit a great deal of knowledge and experience which we believe will be vital as we look to expand further across the capital.”
